Avaii Wealth Management LLC Has $1.04 Million Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Avaii Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,596 shares of the company’s stock after acquiring an additional 1,548 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 0.7% of Avaii Wealth Management LLC’s holdings, making the stock its 28th largest holding. Avaii Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,041,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Manning & Napier Group LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 5.1% during the third quarter. Manning & Napier Group LLC now owns 105,858 shares of the company’s stock worth $14,999,000 after acquiring an additional 5,092 shares in the last quarter. Lake Street Financial LLC grew its position in Invesco S&P 500 Equal Weight ETF by 58.7% during the third quarter. Lake Street Financial LLC now owns 4,896 shares of the company’s stock worth $696,000 after buying an additional 1,810 shares in the last quarter. Lodestone Wealth Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 3.8% during the third quarter. Lodestone Wealth Management LLC now owns 2,161 shares of the company’s stock worth $306,000 after buying an additional 79 shares in the last quarter. Brookstone Capital Management grew its position in Invesco S&P 500 Equal Weight ETF by 135.7% during the third quarter. Brookstone Capital Management now owns 19,268 shares of the company’s stock worth $2,673,000 after buying an additional 11,094 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Invesco S&P 500 Equal Weight ETF by 2.2% during the third quarter. Commonwealth Equity Services LLC now owns 1,061,227 shares of the company’s stock worth $150,365,000 after buying an additional 22,670 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8 %

NYSEARCA RSP traded up $1.24 on Monday, hitting $163.67. 1,738,204 shares of the company’s stock were exchanged, compared to its average volume of 6,534,309. The stock has a 50-day moving average of $164.11 and a 200-day moving average of $155.22. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $169.80. The stock has a market cap of $55.57 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93.

Invesco S&P 500 Equal Weight ETF Profile

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues).